Author: Cathaleen Chen
Saks Global has officially emerged from Chapter 11 bankruptcy, completing a financial restructuring that slashed roughly 75 percent of its debt, the company announced Friday. It’s also rebranding its identity to be Exemplar Luxury Group as it looks to shift its focus from financial restructuring to growth. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
The Los Angeles-based womenswear brand Reformation is seeking an initial public offering on the New York Stock Exchange, the company announced, becoming one of the few fashion brands to Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
The big box retailer’s reunion with the designer who defined the ‘Tar-zhay’ era will need to deliver more than nostalgia to reignite demand for its apparel offering.
A crop of small but emerging brands is capitalising on demand for novelty in the category, using TikTok-savvy marketing and a lifestyle-driven position to chip away at the dominance of established players like Lululemon.
The recent success of retailers from Coach to Zara may be powered by the surprising resilience of America’s middle class, many of whom have moved up, not down, the economic ladder.